... support. • It is right that graduates should make a contribution towards the cost of their higher education, once they are earning and can afford to do so. • Repayments should be based on ability to pay rather than repaid in the shortest possible time. How much does it cost to go to university? The cost of going to university includes both course and living costs, assuming you live away from home, and involves choices that would seriously affect the amount of debt an individual may find themselves in. Course costs are outlined below: • Government will continue to pay the bulk of the course costs for all students, through its annual grant to universities. This is equivalent to about £5,000 per student per year. • From 2006/07, universities will be able to charge students up to £3,000 per year. Payments will be deferred until after they graduate and will then be repayable through the tax ...

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